PM Manmohan Singh said on Monday that the nation should be prepared to face the temporary phase of economic slowdown but assured that the deposits in PSUs and private sector banks are absolutely safe. He [...]
Marketing
The recent meet held between NBFC representatives and the apex bank’s officials has caused RBI to think on the demand of easing the funding norms for NBFCs. This is needed not because of shrinking liquidity [...]
Following a dip in the oil rates in the global market, there are very chances that the Government may cut oil and LPG prices next week. A likely reduction of Rs 10 per litre in [...]
The shipping ministry of the nation is considering a proposal, going by which the Indian flag vessels will be able to ferry a major chunk of export and import trade commodities. This move will also [...]
Investors are facing difficulty in deciding where to park money, in equities or debt. Both the classes have rallied attractively post the stimulus package, contributing to the 31 percent rise in stock markets. Further, earnings [...]
With a number of authorities like SEBI and Department of Company Affairs carrying out investigations into Satyam operations, custodial interrogation of Ramalinga Raju could not be ruled out, as informed by Minister of state for [...]
Government is considering reducing the collection targets of direct tax owing to the global meltdown which has brutally shaken up various industries and companies in India. The revised direct tax estimates are expected to be [...]
While facing serious pressures from the villagers and farmers, the Gujarat Government has approached Gujarat High Court yesterday and filed an affidavit stating that the land provided to Tata Motors to set up the plant [...]
With Satyam’s Chairman Ramalinga Raju filing a bail plea with the court and Raju’s lawyer is arguing against the CID custody for him, a new dimension is added to Satyam Saga. The public prosecutor has [...]
PwC (Pricewaterhouse Coopers) is to save itself using the Bombay High Court’s 1986 verdict, which stated that an auditor is not to be blamed for a company’s strategically aligned ‘fraudulent norms’. The case to be [...]
